Pristine Logistics & Infraprojects Ltd has confidentially filed its draft red herring prospectus with the Securities and Exchange Board of India (SEBI), signaling its intent to launch an initial public offering.
The New Delhi-based company, backed by Global Infrastructure Partners (GIP), has appointed Axis Capital, CLSA, and State Bank of India (SBI) as book-running managers for the deal.
The filing utilizes SEBI’s pre-filing route, allowing the company to submit its prospectus confidentially before making it public.
This approach is increasingly favored by large infrastructure and logistics firms seeking to manage information flow during the sensitive pre-listing phase.
The move underscores the growing appetite among global private equity firms to monetize Indian infrastructure assets, a sector benefiting from the government’s record capital expenditure budget.
Pristine’s entry into the IPO pipeline adds to a broader resurgence in India’s primary market activity.